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842 NW 1st AveFort Lauderdale, FL 33311

For Sale

$1,900,000

Smart Buyer Rebate $19,000

Rare opportunity to acquire an 8-unit multifamily in Progresso Village, just off Andrews Ave and Sunrise Blvd in Downtown Fort Lauderdale. The property offers eight 1-bed/1-bath units with modern interiors, impact doors, separate meters, and upgrades including new kitchens, stone counters, walk-in closets, vanities, light fixtures, and cabinets. Currently 7 units are leased with 1 recently renovated and vacant, generating $146,568 gross income with upside as rents renew. Sitting on a 10,000 SF lot zoned RMM-25 and in process of rezoning to NW RAC, the site offers potential to double the unit count. With rare seller financing at 5.5% interest-only, this investment delivers strong cash flow and long-term redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors.

Listed by Elior Levi

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License #3574869

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Fausto Commercial Realty Consultants Inc

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954-743-7594

Last updated September 19, 2025

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Source: MIAMIRE #A11831358

Listing Facts

  • TypeMulti-family
  • NeighborhoodProgresso Village
  • Days on Prevu158
  • Taxes$20,453/year
  • Size4,753 sqft
  • Price per sqft$400

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

09/18/2025
Price Decreased
$1,900,000
07/05/2025
Listed by Fausto Commercial Realty Consultants Inc
$2,050,000

Property Details for 842 NW 1st Ave

Association

General

  • Number Of Units In Community: 1

Exterior

Construction

  • Number Of Units Total: 8
  • Roof: Built-Up, Shingle
  • Stories: 2
  • Stories Total: 2
  • Structure Type: Quadruplex, Fourplex
  • Year Built: 1973
  • Year Built Details: Resale
  • Architectural Style: Detached
  • Building Name: PROGRESSO
  • Construction Materials: Concrete Block Construction, CBS Construction

Measurements

  • Building Area Total: 4,753
  • Building Area Units: Square Feet
  • Lot Features: Less Than 1/4 Acre Lot
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 494234063170
  • Tax Annual Amount: $20,453.00
  • Tax Year: 2024

Interior

Features

  • Flooring: Other, Tile

Measurements

  • Living Area: 4,753
  • Living Area Units: Square Feet

Other

Location

  • Subdivision Name: PROGRESSO

Parking

Parking

  • Parking Total: 11

Utilities

Equipment

  • Cooling: Other
  • Has Cooling: Yes
  • Heating: Other
  • Has Heating: Yes
  • Sewer: Public Sewer

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 842 NW 1st Ave.

Does this multi-family home have parking?

Yes, there are 11 parking spaces available for 842 NW 1st Ave.

What are the annual taxes for 842 NW 1st Ave?

Annual taxes for this multi-family home are estimated at $20,453.

How does 842 NW 1st Ave compare to other multi-family homes in Progresso Village?

This multi-family home is listed 30% above the average price for multi-family homes in Progresso Village and has been on the market for 256 less days than the typical home in this area.

What building or home owners association is the multi-family home part of?

This multi-family home is in the PROGRESSO building.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,753 sqft.

842 NW 1st Ave is a -bedroom multi-family home for sale in Fort Lauderdale FL 33311. Listed on Prevu for 158 days at $1,900,000. This includes a recent price decrease of $150,000. This residence features 4,753 square feet of living space, located in Progresso Village. The median listing price for multi-family homes in this area is $849,500. Property amenities include pets allowed and parking. View other multi-family home listings in Fort Lauderdale.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.